Elliot v. Nelson

DECISION AND ORDER

MARRERO, District Judge.

Plaintiff John Elliot (“Elliot”) alleges that defendant James Nelson (“Nelson”), a director of defendant Orbit Capital Corporation (“Orbit”), lured him into accepting an executive position at Orbit with the false assurance that Orbit was close to raising a $40 million venture capital fund. Orbit never raised the funds and ultimately fired Elliot, who now seeks to recover damages against Nelson, Orbit, and Orbi-tex Management, Inc., (“Orbitex,” and collectively, “Defendants”) under the theories of negligent misrepresentation and promissory estoppel.…